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Semiconductor ETFs Taking in Record Cash as Shares Soar

U.S. semiconductor stocks are attracting more cash than ever amid increasing demand for more complex computer chips in everything from wristwatches to cars.

Exchange-traded funds that buy semiconductor shares have absorbed almost $350 million in 2014, the most on record and the first inflows in five years, according to data compiled by Bloomberg. The iShares PHLX Semiconductor ETF has rallied 21 percent this year and has seen its assets almost double.